The type of financial advice you need depends on your life stage, the amount of money you have to invest and the complexity of your affairs.
Getting the right kind of financial advice can make a big difference because it provides confidence that your future plans are achievable.
If you want a recommendation that takes your own situation into account, you need personal financial advice.
This allows you to sort out your financial goals and develop a plan to achieve them over time.
That’s where Allied Investment Group comes in. Co-Founder Robert Stevens believes in starting with the end goal in mind.
While it is best to get advice early in life to help navigate the road ahead, it is never too late to be guided through your financial journey, from understanding your finances, income, expenses, to setting up a budget, or ways to control your spending.
And personal financial advice is often most valuable when you’re going through big life events, such as starting a family, being retrenched or managing an inheritance. It’s also great for less immediate goals like growing your super or planning for retirement.
How personal financial advice can help you
- Set and achieve your financial goals
- Make the most of your money
- Get any government assistance you’re entitled to
- Feel more in control of your finances and your life
- Avoid expensive mistakes
- Protect your assets
Personal financial advice value adds by helping you sort out your financial goals. Without a plan, you tend to have savings that are spent. With a plan, you are investing money to achieve a desired outcome.
Most importantly, advice will help turn thought into action, especially if you tend to put things off. It allows you to put the right strategies in place, or come up with realistic goals.
It’s crucial to talk to someone who is a licensed adviser, such as Allied Wealth, which can help you understand the scope and type of advice needed:
Simple, once-off advice on one issue addresses a particular aspect of your finances, that is, you’re not looking for advice across your while financial situation. An example is the best way to contribute to your super.
Broader financial advice involves a comprehensive financial plan to set goals and covers investments, insurance and superannuation and retirement planning. Once a strategy is set, you can control it and go back for further advice if the need arises.
Ongoing advice is for those wanting their financial affairs managed. For example, you might consider establishing an ongoing service with an adviser that involves regular reviews to reassess goals, financial position, strategy and investments.
The first meeting with an Allied Investment adviser is free. This is where your needs are identified and you decide which service suits your current needs.
Allied Investment Group specialises in helping clients take control of their finances so they can have more choices, freedom and security in retirement. Call 1300 886 140 to put your plan in place.